US Dollar Forecast: US Dollar Soars to 3-Month High. Will the Fed Affirm the Rally?
The US Dollar is looking to the FOMC policy announcement for affirmation of a hawkish policy outlook shift that has brought the currency to three-month highs.
Sterling slumped on the back of much weaker-than-expected UK GDP data making a May rate hike unlikely. If the long-term trends in GBP are respected, opportunities may still exist for Sterling bulls.
Japanese Yen Forecast: Japanese Yen May Teeter Between USD Gains and Risk Trends
The Japanese Yen may find itself being pushed and pulled by USD gains and risk trends. US PCE, April’s Fed rate decision and a local jobs can fuel this dynamic.
Australian Dollar Forecast: Australian Dollar Bulls Can't Look To RBA For Help This Week
The Australian Dollar is already reeling but now faces central bank decisions from its home country and the US which are unlikely to offer it much support
The US- China relationship has been a top driver to the Dollar/Yuan; it will likely continue to have a mixed development. At the same time, the Yuan faces risks from domestic policies and the economic outlook.
Crude Oil Forecast: Brent Crude Oil May Be Further Supported On